Apple, Groupon among leaders as tech stocks rise

Infinera, Zulily, Microsoft also join in broad gains across the tech sector

SAN FRANCISCO (MarketWatch) — Gains across the board lifted the tech sector Wednesday, with advances from Apple Inc., Groupon Inc. and optical networking company Infinera Corp.

Apple
AAPL, -0.87%
rose 52 cents to close at $536.61, while Groupon
GRPN, +0.21%
climbed almost 4% to $8.60 a share. The online daily deal and e-commerce company took its weeklong “Groupon Searchlight” promotional events to San Francisco Wednesday as part of its ongoing efforts to make itself more of a destination for e-commerce along the lines of Amazon.

Bloomberg

A logo sits on display outside Microsoft Corp.'s new store in Berlin, Germany.

Several other Internet-based companies also saw their shares rise Wednesday, with gains from Yelp Inc.
YELP, +1.42%
up by 3% at $92.79; Pandora Media Inc.
P, +3.61%
which rose almost 4% to $35.54 and Zulily Inc.
ZU, -0.38%
which ended the day with a gain of almost 9% at $63.40.

Microsoft Corp.
MSFT, -0.38%
edged up by 25 cents a share to close at $38.27. Late Tuesday, the world’s largest software company said it appointed ValueAct Capital president Mason Morfit to the Microsoft board of directors. Microsoft also declared its annual quarterly dividend payment of 28 cents a share, payable on June 12.

3D Systems Inc.
DDD, -4.98%
nearly got back into positive territory, gave up 51 cents a share to close at $61.72. Barron’s mentioned 3D Systems in an article over the weekend that was critical of the 3-D printing technology industry.

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